The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-10-05
Material Declines Apparent Through the
Whole List Of Stocks.
An Indispositicn to Support Prices Gives the
Bears Full Swing.
Western Union Telegraph Stock tbs 0nly
Strong Spot in the List
The Close at or Near the Lowest Prices or
the Day-RaiIroads' and Governments
DuIl-States' Firm.

NEW YORK, October 3.-Money on call easy
at sac per cent. Last loan 5, closed offered at
5. Prime mercantile paper, 61z9S%. Sterling
exchange paper dull but steady at 1914 for
sixty day bills, and $50 for demand. The to-
tai sales OF stocks to-day we're $4,000 shares, In
cluding: Canada Southern. $3.50; Delaware,
Lackawana and Western, 1880; Erie, 1850;
Lake Shore, 1905; Louisville and Nashville, s.
ITO; Missouri Pacific, 5,ss7; Northwestern, IA,
COS; New Jersey Central, 800; Oregon Trans
Continental, $500; Pacific Mail, 4,2l0; Reading,
$3.50; st. Paul, 1880; Texas Pacific, 4,220;
Western Union, 50,S30,
the stock market was fairly active but weak
throughout to-day, and material declines were
made all over the list The bear party was
again active and aggressive and while their
opponents we're lndisposed to support prices
the manipulation for a decline had full swing
Advantage was taken OF the unfavorable rumors
in regard to the grspgers, chief among which
was the story that treasury stock of the North
western was being sold. to which were added
the influence of the deere asing earnings of the
st. Paul and the rate troubles of the Northwest
These beside furnished pretext for raiding the
entire list and a number of the most active
stocks were forced down from 1 to points.
Western Union was the only strong spot in the
tendency for some time during the afternoon.
Its special firmness was due to the continued
circulation of stories in regard to the acquire
ment Of the Baltimore Ohio telegraph system.
The persistent attacks of the raiders, however,
wiped out most Off early gains before the Close
The opening YVES weak at declines of from Is to "a
per cent from Saturdays final figures and while
Western Union was decidedly strong, the re-
Ind oFf
became weak. New England showed consider
able staeDgth in the forenoon and losses in the
general list were kept down to fractions in the
afternoon, when the weakness displayed by
Richmond and westpoint was the signal for a
general decline. The attack was especially
heavy upon st. Paul during the last hour and
most of the loss was mace at that time. The
lose was quiet, but weak at or Lear the lowest
prices of the day. Every hing except Western
Union, which is up 5zc, Is lower to night, and
st. Paul is down 25sc; Northwestern
and Richmond and WestpoInt 2Kc.
each; san Francisco preferred and Omaha
ia each; Jersey Central and Canada Southern
rs each; New England 17s; Texas Pacific Mail,
Lackawanna and Erie 1sS each; Norfolk and
Western preferred II; and others smaller
amounts.
Railroad bonds were dull and rather firm in
the forenoon but heavy to weak later in the
day. Sales $4,000. Closing prices show smaller
Irregular changes. Government boLds were
dull and without change. State bonds were lit
lie more animated and firm.
Eastern Exchanges.
CHICAGO. October 3.-Clearings to-day were
S12, zoo, coo, the apparent increase being partly
through monthly settlement. New York ex-
change stands at the old figure, zoe discount
Money rates are also as previously quoted, 6o97
per cent. on demand and 79S per cent on time
oans. The various departments are quiet.
BOSTON, October 3.-Bank cleaIings to-day
were s19.4l3,2 45; balances, Sl,775,53l Rate for
money 697 per cent. Exchange on New York
par to 10 per cent premium to lie discount.
BALTIMORE. October 3.-Bank clearings
to-day were S2,92 ,3lS; balances S4561s4.
ST LOUIS, october 3.-Bank elearings to
day were S,472,6 GA: balances 1925 7S9. Exchange
on New York 75g90 cents discount.
PHILADELPHIA, October 3.-Bank clearings
sl3, 2S5, 236; balances, 81, Csc, 473.
NEW YORK, October 3.-Bank clearings: $780,
'SS7,743; balances IS, 4f8.353.
Bar Silver.
NEW YORK, October Noon. Bar silver 96e.